Professional Office Condo For
For Sale
$176,000
353 6TH Ave W, Bradenton, FL 34205
Well-maintained office condo in a thriving location, suitable for various uses.
Property Size900 SF
Lot Size0.06 Acres
Days on Market152
Property Features for 353 6TH Ave W
General Information
Standard status
Active
Size
900 SF
Lot size
0.06 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$1,672
Building Details
Building Size
900 SF
Year Built
1985
Listing Agency:
PREMIER SOTHEBY'S INTERNATIONAL REALTY
(941) 928-5493
Listed By:
Ziad Sleit · License #3072887
(941) 928-5493
Source:
Elliman
Added: Mar 12
Changed: Aug 8
Last Checked: Aug 8 at 6:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PREMIER SOTHEBY'S INTERNATIONAL REALTY
Investment Insights
Based on property information with market context.
Located one block from Manatee Avenue and near the courthouse, this professional business office condo is situated within a well-maintained office complex. The office space, currently occupied by a medically related tenant, has been updated with soft colors, new flooring, and a new A/C unit installed in February 2026. The layout includes a large reception area, three offices, one bathroom, and a small kitchenette. The space is suitable for a wide range of uses, including legal, mortgage, insurance, and therapy practices. The property offers ample parking and is conveniently located near professional businesses, retail shops, and restaurants.
Key Highlights
- Prime location: One block from Manatee Avenue and near the courthouse.
- Updated office condo: Features soft colors, new flooring, and a new A/C (02/26).
- Versatile space: Suitable for a wide range of professional uses (legal, mortgage, insurance, therapy, etc.).
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,697
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$293,940
$293.9K
Cap Rate 7%
$209,957
$210.0K
Cap Rate 9%
$163,300
$163.3K
Market Conditions
NOI Build-Up for 900 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$20.7K $23.04/SF
− Vacancy
−$1.1K −$1.27/SF
EGI
$19.6K $21.77/SF
− OpEx
−$4.9K −$5.44/SF
NOI
$14.7K $16.33/SF
Area
Manatee County, FL
Vacancy
5.50%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$293,940
Cap Rate 7%
$209,957
Cap Rate 9%
$163,300
Alternative Uses
Best Use
Office B
$210.0K
$183.7K – $245.0K
NOI $14,697 @ 7.0% cap · market cap 8.35%
Second Best
Healthcare Medical
$198.5K
$173.7K – $231.6K
NOI $13,895 @ 7.0% cap · market cap 7.89%
Theoretical Best
Office A
$264.7K
$231.6K – $308.8K
NOI $18,526 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,157
Businesses Nearby
Explore this area
Business Placement
Demographics for 34205, FL
33,789
Population
16,610
Households
2
Avg Household Size
44
Median Age
24%
College-Educated
87%
High-School Grad
6.5 sq mi
ZIP Area
5,198
Density / Sq Mi
$51,170
Median Household Income
$37,037
Median Earnings
$1,323
Median Rent
$236,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Well-maintained office condo in a thriving location, suitable for various uses.
Where is this office units located?
The property is located at 353 6TH Ave W Bradenton, FL.
What is the asking price?
The asking price for this property is $176,000.
What are key features of this property?
This property features: Prime location: One block from Manatee Avenue and near the courthouse.; Updated office condo: Features soft colors, new flooring, and a **new A/C (02/26)**.; Versatile space: Suitable for a wide range of professional uses (legal, mortgage, insurance, therapy, etc.).
